Industry Trends
Used-car marketplace Cars24 has acquired Delhi-based vehicle information and management platform CarInfo, marking its second acquisition in the past year after buying automotive community platform Team-BHP. As part of the deal, CarInfo will become part of the Cars24 ecosystem and will continue to operate as a standalone app with its existing team. BikeInfo operates as part of the CarInfo platform. Financial details were not officially disclosed. Announcing the acquisition on X (formerly Twitter), Cars24 founder and CEO Vikram Chopra said vehicle ownership problems often come from small but frequent issues rather than big failures. “CarInfo (and BikeInfo) were built around a very practical insight: vehicle management for cars and bikes has remained complex as information is scattered across systems. CarInfo focused on addressing this by making vehicle information instantly accessible while reducing cognitive load, so owners could get what they needed easily,” he wrote. He added that ...